A comprehensive value chain geared toward a sustainable future is being established by Korea Gas Corporation (Kogas), which has been building its natural gas supply chain in Korea for 39 years.
Hydrogen production, supply, and use are all part of Kogas’ value chain, which includes natural gas supply. There are five main goals for Kogas this year as it moves toward carbon neutrality and new green businesses.
As part of its long-term strategy to achieve carbon neutrality, the company intends to develop a comprehensive supply and demand strategy that includes new green ventures like LNG cold energy and gas-to-electricity generation. While moving to digital systems, the company intends to continue reinforcing its safety management systems and organizational innovation.
With a goal of providing 830 thousand tons of hydrogen per year by 2030, Kogas plans to build hydrogen services tailored to each region, starting with a hydrogen manufacturing plant in Gwangju.
By 2030, the company aims to provide 1.03 million tons of hydrogen, including hydrogen produced from renewable sources in Southeast Asia and Australia, as well as a production base in Korea. The company intends to demonstrate a large-scale hydrogen piping mixing process based on an LNG import terminal in order to ensure the safety of hydrogen supply.
Kogas plans to build 152 hydrogen fueling stations across the country by 2030. Kogas will run two stations: one in South Gyeongsang’s Gimhae and one in Daegu Innovation Town, both of which are expected to open this year. The company plans to build an additional 60 gaseous hydrogen stations with the help of private sector partners, including Hynet.
In addition, by 2030, Kogas hopes to run a 1-gigawatt distributed fuel cell business at the LNG import terminal’s center.
It is the goal of Kogas to build a carbon-neutral hydrogen mega station in Pyeongtaek, Gyeonggi, to serve as a hub for hydrogen production. Work with other facilities, including the station’s hydrogen extraction center, will help to produce and liquefy hydrogen for use in cars. Jeju Island will become the world’s first hydrogen-centered green island, according to Kogas.
In order to achieve net-zero carbon emissions by 2045, Kogas plans to reduce carbon dioxide emissions by 20 percent by 2030. In order to achieve this, the hydrogen, LNG bunkering, and cold chain cluster businesses will play a critical role
